SpaceX is now worth more than Amazon. At least, that’s what premarket trading suggested on June 16, when shares of the freshly public rocket company climbed above $212, pushing its market capitalization past Amazon’s roughly $2.66 trillion valuation.
From IPO to $2.75 trillion in four trading days
SpaceX priced its IPO at $135 per share, targeting an initial valuation of approximately $1.75 trillion. That alone would have made it the largest initial public offering in history.
On its Nasdaq debut June 12, SPCX shares surged nearly 20%, closing near $161. That pushed the company’s market cap above $2 trillion on day one.
The rally didn’t stop there. By June 16, premarket activity showed shares climbing another 10%-plus, landing around $212. That trajectory positions SpaceX to potentially touch $2.75 trillion when regular trading opens.
